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    Multi-Tenant Industrial Investment Opportunity Title is generated by Realmo AI

    1800 Circuit Dr, Round Lake Beach, IL 60073

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    Claim this Listing
    For Sale
    $1,100,000

    Multi-tenant industrial property in Round Lake Beach, Illinois for sale.

    Type:Warehouse
    Property size:
    10,900 SF
    Price / SF:
    $100/SF
    Added:
    Apr 3, 2026
    Days on Market:
    68
    Last Refresh:
    Apr 3 at 4:55 am

    Property Features for 1800 Circuit Dr

    General Information

    Standard status
    Active
    Size
    10,900 SF
    Property subtype
    Warehouse

    Building Details

    Year Built
    1987

    We can help!

    Listing Contact
    Peter Doughty
    Peter Doughty

    Listing agent Peter Doughty License #IL: 475.177502

    Listing office Chicago Downtown Office

    Listing date Apr 3, 2026

    Source Marcusmillichap

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Chicago Downtown Office

    HighLights

    • Stabilized, cash‑flowing multi‑tenant industrial asset.
    • Enjoy a 7.33% capitalization rate based on current in‑place net operating income.
    • Located in a tight industrial market with limited supply and low vacancy.
    • Proximity to I‑94 allows for convenient access to Milwaukee and Chicago.
    • Property consists of 4 units totaling ±10,900 square feet with 4 tenants.
    • Each unit has a drive‑in door; Unit B has an additional drive‑in door and Unit A has an exterior loading dock.

    Overview

    The property at 1800 Circuit Drive in Round Lake Beach, Illinois, presents a multi-tenant, small-bay industrial investment opportunity. The property is located in a tight industrial market with limited supply and minimal vacancy for class B and C product sub-30,000 square feet. Located 7.5 miles from I-94, the property is an hour away from both Milwaukee and Chicago via car. The subject property consists of approximately 10,900 square feet divided into 4 units, currently occupied by 4 separate tenants. Unit A is a 3,400 square foot building separate from units B, C, and D, which are equally divided within a 7,500 square foot building. Each unit contains a drive-in door; unit B has an additional drive-in door and unit A has an exterior loading dock. This offering provides investors with an opportunity to acquire a stabilized cash-flowing, multi-tenant industrial asset in Lake County Illinois, supported by strong industrial fundamentals and low vacancy rate. The investment offering generates a net operating income of $80,587, which equates to a capitalization rate of 7.33%.

    Local Financial Insights For Warehouse

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $70.6k $6.48
    − Vacancy −$3.6k −$0.33
    EGI $67.0k $6.15
    − OpEx −$10.1k −$0.92
    NOI $57.0k $5.23
    10,900 SF · lease $6.48/SF/yr · vacancy 5.10% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $813.9K
    $712.2K – $949.6K (±1% cap)
    NOI $56,975 @ 7.0% cap · market cap 5.18%
    Second Best
    Industrial
    $670.3K
    $586.5K – $782.0K (±1% cap)
    NOI $46,921 @ 7.0% cap · market cap 4.27%
    Theoretical Best
    Office A
    $3.76M
    $3.29M – $4.39M (±1% cap)
    NOI $263,429 @ 7.0% cap · market cap 23.95%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Round Lake Beach
    County
    Lake
    State
    Illinois
    Longitude
    -88.0865099
    Latitude
    42.3809005

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      Industrial Property For Sale

      10,900 SqFt industrial property with 7.33% CAP rate.
      1800 Circuit Dr, Round Lake Beach, IL 60073
      View Details

    FAQs

    What type of property is this?
    Warehouse - Multi-tenant industrial property in Round Lake Beach, Illinois for sale.
    Where is this warehouse located?
    The property is located at 1800 Circuit Dr Round Lake Beach, IL.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Stabilized, cash‑flowing multi‑tenant industrial asset.; Enjoy a 7.33% capitalization rate based on current in‑place net operating income.; Located in a tight industrial market with limited supply and low vacancy.
    (312) 327-5470
    We can help!
    Listing Contact
    Peter Doughty
    Peter Doughty
    Real Estate License ID: IL: 475.177502
    Learn More
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